Intel’s new processors developed in Israel
Intel released a line of new processors that were developed in Israel at its annual developers’ conference last week. The Core M processors are set to hit the market during the second half of 2015, said CEO Brian Krzanich. The new 14-nanometer processors will include WiGiG technology developed in Petah Tikva. With them, customers will be able to tap away without cables connected to their computers; this includes cordless charging and docking of devices. (Omer Shurbit)
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PrivatEquity.biz expanding into U.K.
PrivatEquity.biz, the first secondary market trading arena in Israel, will let investment managers in Britain invest in Israel’s secondary market, focusing on private high-tech firms. The company said Thursday it was negotiating with a number of U.K.-based entities. London was chosen along with Berlin as one of the first two centers to which PrivatEquity.biz is expanding outside Israel. The arena, launched in July, offers private investors, venture capital funds and institutional investors opportunities to buy private companies’ securities. It allows investing in securities held by employees, founders and service providers who hold private securities. (Reuters)
Cyber-Ark launches pre-Nasdaq road show
Cyber security company Cyber-Ark Software launched its pre-IPO road show Thursday, in advance of plans to start trading on Nasdaq on September 22, the Wall Street Journal reported. The company plans to issue 5.5 million shares and raise $75 million based on a market capitalization of $400 million to $500 million, sources told the newspaper. Cyber-Ark develops security software for businesses to help prevent user accounts from being hacked. (TheMarker)